CANADA STOCKS-Futures pull back after Fed-led rally

Fri Sep 23, 2016 8:49am EDT
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(Adds inflation, retail sales data)

Sept 23 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Friday following strong sessions after the U.S. Federal Reserve's decision to push back on its next rate increase.

December futures on the S&P TSX index were down 0.06 percent at 8:45 a.m. ET.

Canada's annual inflation rate in August dipped to a 10-month low of 1.1 percent, the seventh consecutive month it has remained below the Bank of Canada's 2.0 percent target, Statistics Canada said.

The value of Canadian retail trade unexpectedly fell in July, dipping by 0.1 percent from June as gas station sales dropped for the first time in four months, Statistics Canada data indicated.

Shares of energy and financial companies led a broad rally on Canada's main stock index on Thursday as oil prices rose and investors digested the Fed's more cautious approach to future rate hikes.

Dow Jones Industrial Average e-mini futures were down 0.09 percent at 8:45 a.m. ET. S&P 500 e-mini futures fell 0.15 percent and Nasdaq 100 e-mini futures inched lower 0.18 percent.

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